OverviewSuggest Edit

IPG Photonics is a company manufacturing high-power fiber lasers, fiber amplifiers, hybrid fiber or solid-state, and diode lasers. Its products are used in materials processing, communications, medical and advanced applications. The company also manufactures optical delivery cables, fiber couplers, beam switches, optical processing heads, in-line sensors, chillers, and other complementary products.
TypePublic
Founded1990
HQOxford, MA, US
Websiteipgphotonics.com
Employee Ratings3.3
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)6,060(+2%)
Job Openings112
Revenue (FY, 2020)$1.2 B(-8%)
Share Price (Sept 2021)$173.2
Cybersecurity ratingDMore

Key People/Management at IPG Photonics

Valentin P. Gapontsev

Valentin P. Gapontsev

Chief Executive Officer and Chairman of the Board
Igor Samartsev

Igor Samartsev

Chief Technology Officer & Director
Jeanmarie F. Desmond

Jeanmarie F. Desmond

Director
Eugene Scherbakov

Eugene Scherbakov

Chief Operating Officer, Managing Director of IPG Laser GmbH, Senior Vice President, Europe and Director
Timothy P.V. Mammen

Timothy P.V. Mammen

Chief Financial Officer and Senior Vice President
Alexander Ovtchinnikov

Alexander Ovtchinnikov

Senior Vice President, Components
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IPG Photonics Office Locations

IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 30 other locations
Oxford, MA, US (HQ)
50 Old Webster Rd
Anaheim, CA, US
3150 La Palma Ave
Birmingham, AL, US
100 Lucerne Ln
Dallas, TX, US
3400 Carlisle St #210
Fridley, MN, US
5110 Main St NE #1400
Marlborough, MA, US
377 Simarano Dr, Marlborough
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IPG Photonics Financials and Metrics

IPG Photonics Revenue

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IPG Photonics's revenue was reported to be $1.2 b in FY, 2020 which is a 8.7% decrease from the previous period.
USD

Revenue (Q2, 2021)

371.7m

Gross profit (Q2, 2021)

180.5m

Gross profit margin (Q2, 2021), %

48.6%

Net income (Q2, 2021)

69.7m

EBIT (Q2, 2021)

92.3m

Market capitalization (14-Sept-2021)

9.3b

Closing stock price (14-Sept-2021)

173.2

Cash (30-Jun-2021)

754.2m

EV

8.6b
IPG Photonics's current market capitalization is $9.3 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.5b1.3b1.2b

Revenue growth, %

4%(10%)(9%)

Cost of goods sold

659.6m708.4m661.7m

Gross profit

800.3m606.2m539.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

315.0m363.8m329.1m249.2m296.4m318.4m345.6m371.7m

Cost of goods sold

166.1m183.5m176.3m146.4m160.0m165.6m181.6m191.1m

Gross profit

148.9m180.2m152.9m102.9m136.4m152.8m164.0m180.5m

Gross profit Margin, %

47%50%46%41%46%48%47%49%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

544.4m680.1m876.2m

Accounts Receivable

255.5m238.5m264.3m

Inventories

403.6m380.8m365.0m

Current Assets

1.8b1.9b2.1b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

404.2m180.3m160.3m

Depreciation and Amortization

80.3m96.3m94.6m

Inventories

(135.4m)(28.1m)(39.9m)

Accounts Payable

(1.4m)(10.3m)(1.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

54.9m127.4m184.6m36.8m75.1m110.7m68.2m137.9m

Depreciation and Amortization

22.8m47.5m72.5m24.1m47.4m71.2m23.8m48.0m

Inventories

(19.7m)(40.8m)(51.0m)(10.4m)(15.2m)(34.2m)(20.1m)(61.2m)

Accounts Payable

2.0m(445.0k)(8.1m)6.1m13.2m8.8m19.0m24.9m
USDFY, 2018

EV/EBIT

10.6 x

EV/CFO

14.1 x

Revenue/Employee

234.7k

Financial Leverage

1.2 x

P/E Ratio

15.4
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IPG Photonics Operating Metrics

IPG Photonics's Backlog was reported to be $673.7m in FY, 2020.
FY, 2018FY, 2019FY, 2020

Backlog

$712.3 m$693.4 m$673.7 m

Countries

19

Patent Applications

430450475

Patents Issued

350400500
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IPG Photonics Acquisitions / Subsidiaries

Company NameDateDeal Size
Genesis Systems GroupDecember 17, 2018$107.99 m
Laser Depth DynamicsDecember 04, 2017
ILTJune 19, 2017$40 m
Menara NetworksMay 09, 2016
JPSASeptember 04, 2012
IPG Laser GmbH
NTO IRE-Polus
Pi-Tecnologia S.A.$2.72 m
RC$4.45 m
Submarine Networks Division of Padtec SA$19.56 m

IPG Photonics Revenue Breakdown

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IPG Photonics revenue breakdown by business segment: 5.3% from Advanced Applications, 90.2% from Materials Processing and 4.5% from Other

IPG Photonics revenue breakdown by geographic segment: 41.8% from China, 20.5% from North America, 8.6% from Other Asia and Australia, 18.3% from Other Europe including Eastern Europe/CIS, 5.5% from Germany and 5.3% from Other

IPG Photonics Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

SecurityScorecard logo

IPG Photonics Online and Social Media Presence

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IPG Photonics Company Culture

  • Overall Culture

    D

    61/100

  • CEO Rating

    A

    78/100

  • Compensation

    C-

    61/100

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IPG Photonics News and Updates

IPG Photonics Reports Second Quarter 2021 Financial Results

Improved Demand in Europe and U.S. Drives Revenue of $372 Million and Earnings per Diluted Share of $1.29 Improved Demand in Europe and U.S. Drives Revenue of $372 Million and Earnings per Diluted Share of $1.29

IPG Photonics Reports Second Quarter 2021 Financial Results

IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2021

IPG Photonics to Announce Second Quarter 2021 Financial Results on August 3

IPG Photonics Corporation (NASDAQ: IPGP) will release its second quarter 2021 financial results before the market opens on Tuesday, August 3, 2021. The company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To access the call, please dial 877-407-6184 in the Un…

IPG Photonics to Announce Second Quarter 2021 Financial Results on August 3

OXFORD, Mass., July 20, 2021 (GLOBE NEWSWIRE) -- IPG Photonics Corporation (NASDAQ: IPGP) will release its second quarter 2021 financial results before the market opens on Tuesday, August 3, 2021. The company will hold a conference call to review these results at 10:00 a.m. ET on the same day. To …

Demand Revival Could Drive IPG Photonics Stock To $260

Up more than 2x from its low in March 2020, at the current price of $206 per share, we believe IPG Photonics stock has further upside potential. IPG Photonics, a manufacturer of optical fiber lasers, has seen its stock rise from $102 to $206 off its March 2020 low, more than the S&P which...

IPG Photonics Reports First Quarter 2021 Financial Results

Demand Recovery Strengthens, Driving Revenue of $346 Million and Earnings per Diluted Share of $1.26
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IPG Photonics Frequently Asked Questions

  • When was IPG Photonics founded?

    IPG Photonics was founded in 1990.

  • Who are IPG Photonics key executives?

    IPG Photonics's key executives are Valentin P. Gapontsev, Igor Samartsev and Jeanmarie F. Desmond.

  • How many employees does IPG Photonics have?

    IPG Photonics has 6,060 employees.

  • What is IPG Photonics revenue?

    Latest IPG Photonics annual revenue is $1.2 b.

  • What is IPG Photonics revenue per employee?

    Latest IPG Photonics revenue per employee is $198.1 k.

  • Who are IPG Photonics competitors?

    Competitors of IPG Photonics include Maxphotonics, nLIGHT and Raycus.

  • Where is IPG Photonics headquarters?

    IPG Photonics headquarters is located at 50 Old Webster Rd, Oxford.

  • Where are IPG Photonics offices?

    IPG Photonics has offices in Oxford, Anaheim, Birmingham, Dallas and in 30 other locations.

  • How many offices does IPG Photonics have?

    IPG Photonics has 36 offices.